Why These 15 Crypto Stocks Have Been Plunging In 2025

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9. Argo Blockchain Plc ADR (NASDAQ:ARBK)

Number of Hedge Fund Holders In Q4 2024: 1

Argo Blockchain Plc ADR (NASDAQ:ARBK) is a crypto mining company with operations in Quebec and Texas.

The stock is down significantly so far in 2025 due to it receiving a non-compliance notice from Nasdaq due to its share price trading below $1.00 for 30 consecutive business days. The company has until July 15, 2025. If it doesn’t surpass $1 by then, it could be delisted. The company could do a reverse stock split to avoid that.

Argo reported a year-over-year revenue decline of 28.34% for the quarter ending on September 2024, coupled with a net loss of $6.28 million for the quarter.

Moreover, Argo announced a non-binding term sheet for up to $40 million in senior secured convertible loans to refresh its mining fleet and support potential mergers and acquisitions. This is going to improve the balance sheet, but it includes warrants, and investors are worried about dilution.

The consensus price target of $1.45 implies 222.22% upside.

ARBK stock is down 20.35% year-to-date.

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